What Is a Feasibility Study

question 16

Multiple Choice

What is a feasibility study?

• A) Determines if the proposed solution is feasible and achievable from a financial, technical, and organizational standpoint
• B) Determines the amount and types of resources required to complete the project and determine if the organization has these resources available
• C) Determine the number of individuals, amount of time, and technical difficulty of the project
• D) A factor that is critical to an organization's success

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Definitions:

MR = MC

An economic principle where the marginal revenue (MR) equals the marginal cost (MC), often used as a condition for profit maximization.

ATC = AVC

Indicates that the Average Total Cost equals the Average Variable Cost, a condition found at the minimum point of the Average Total Cost curve in economic analysis.

Bottled Water

Packaged drinking water sold in plastic or glass bottles, often purified or spring water, catering to consumer demand for convenient and perceived safe drinking water.

Marginal Cost

The variation in the overall expense that occurs when one more unit is produced, fundamentally representing the expense of manufacturing an extra unit of a product.